Shares of Bank of Montreal (TSE:BMO) (NYSE:BMO) have earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$100.36.
Several research analysts have recently commented on the company. TD Securities cut their price objective on Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating for the company in a report on Thursday, May 25th. CIBC cut their price objective on Bank of Montreal from C$109.00 to C$105.00 in a report on Thursday, May 25th. Barclays PLC boosted their price objective on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Royal Bank Of Canada cut their price objective on Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating for the company in a report on Thursday, May 25th. Finally, Scotiabank cut their price objective on Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a report on Thursday, May 25th.
In other Bank of Montreal news, Director Thomas Earl Flynn sold 10,951 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of C$91.60, for a total value of C$1,003,111.60. Also, Director La Flèche Eric Richer bought 2,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was purchased at an average cost of C$93.82 per share, with a total value of C$187,640.00.
Shares of Bank of Montreal (TSE BMO) traded down 2.55% during trading on Friday, reaching $90.07. 2,630,640 shares of the company traded hands. Bank of Montreal has a 12 month low of $83.43 and a 12 month high of $104.15. The stock has a market capitalization of $58.73 billion and a PE ratio of 11.33. The company has a 50-day moving average of $94.57 and a 200-day moving average of $96.57.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.00%.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The companys personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.